Current account balance in Greece
Greece: Current account balance was -7.1% in 2024. ◆ Volatile
Current account balance in Greece, 1976–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Greece recorded -7.1% for current account balance in 2024.
The figure is down 4.9% on the previous year and down 394.4% over ten years.
Over the whole period, current account balance in Greece peaked at -0.1% in 1994 and was at its lowest, -14.6%, in 2008.
That places Greece 156th out of 199 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance in Greece, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1976 | -3.0% | — |
| 1977 | -3.0% | -0.4% |
| 1978 | -2.2% | -27.4% |
| 1979 | -3.5% | +60.5% |
| 1980 | -3.9% | +12.3% |
| 1981 | -4.7% | +18.3% |
| 1982 | -3.5% | -24.7% |
| 1983 | -3.9% | +9.7% |
| 1984 | -4.5% | +16.9% |
| 1985 | -6.9% | +54.3% |
| 1986 | -3.0% | -56.6% |
| 1987 | -1.9% | -37.3% |
| 1988 | -1.3% | -32.6% |
| 1989 | -3.3% | +157.5% |
| 1990 | -3.7% | +11.7% |
| 1991 | -1.5% | -58.6% |
| 1992 | -1.9% | +23.0% |
| 1993 | -0.7% | -62.7% |
| 1994 | -0.1% | -81.8% |
| 1995 | -2.1% | +1571.0% |
| 1996 | -3.2% | +50.6% |
| 1997 | -3.5% | +9.6% |
| 1999 | -5.3% | +51.9% |
| 2000 | -7.8% | +46.8% |
| 2001 | -7.1% | -8.8% |
| 2002 | -6.4% | -10.3% |
| 2003 | -6.5% | +1.9% |
| 2004 | -5.7% | -11.7% |
| 2005 | -7.5% | +30.9% |
| 2006 | -11.0% | +46.2% |
| 2007 | -14.2% | +29.1% |
| 2008 | -14.6% | +3.0% |
| 2009 | -11.0% | -24.7% |
| 2010 | -10.2% | -7.2% |
| 2011 | -10.1% | -1.1% |
| 2012 | -2.6% | -74.4% |
| 2013 | -2.1% | -17.6% |
| 2014 | -1.4% | -32.5% |
| 2015 | -1.5% | +4.5% |
| 2016 | -2.3% | +53.2% |
| 2017 | -2.4% | +3.5% |
| 2018 | -3.6% | +49.2% |
| 2019 | -2.1% | -40.4% |
| 2020 | -7.1% | +236.2% |
| 2021 | -7.2% | +0.4% |
| 2022 | -10.9% | +52.1% |
| 2023 | -6.8% | -37.7% |
| 2024 | -7.1% | +4.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -2.9% | -3.5% | -2.2% | 4 |
| 1980s | -3.7% | -6.9% | -1.3% | 10 |
| 1990s | -2.4% | -5.3% | -0.1% | 9 |
| 2000s | -9.2% | -14.6% | -5.7% | 10 |
| 2010s | -3.8% | -10.2% | -1.4% | 10 |
| 2020s | -7.8% | -10.9% | -6.8% | 5 |
Countries ranked near Greece
- 153 Tonga -6.7% compare
- 154 Sint Maarten (Dutch part) -6.9% compare
- 155 Mauritius -7.0% compare
- 157 Armenia -7.2% compare
- 158 Guinea-Bissau -7.4% compare
- 159 Seychelles -7.5% compare
More economy & growth data for Greece
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.67 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.25 Percent per annum (2029)
- Industry (including construction), value added (constant 2015 US$) 3.89 % change on previous year (2025)
- Industry (including construction), value added (constant 2015 US$) 0.1399 constant 2015 US$ per US$ of GDP (2025)
- Industry (including construction), value added (constant 2015 US$) 3,770 constant 2015 US$ per person (2025)
- Industry (including construction), value added (constant LCU), annual 3.89 % change on previous year (2025)
- Industry (including construction), value added (constant LCU), per 0.1157 constant LCU per US$ of GDP (2025)
- Industry (including construction), value added (constant LCU), per 3,118 constant LCU per person (2025)
- Services, value added (current US$), annual growth rate 8.62 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.6745 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is current account balance in Greece?
- Current account balance in Greece was -7.1% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in Greece?
- The highest recorded value was -0.1% in 1994.
- What is the lowest current account balance recorded in Greece?
- The lowest recorded value was -14.6% in 2008.
- How does Greece rank for current account balance?
- Greece ranks 156th out of 199 countries with data for 2024.
- Is current account balance rising or falling in Greece?
- Over the last ten years it is down 394.4%. The long-run trend across the full record is volatile.
- Where does this Greece data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Current account balance (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.